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Posts Tagged ‘debt’
Poll: Americans Strongly Oppose Debt Limit Increase
Liberty Central has noted that Congress must soon decide whether to raise the federal debt ceiling or not. If the federal government is not authorized to borrow additional money, spending must immediately be brought into line with revenues. Which course do the American people want Congress to take? One current...
Welcome to the 112th Congress!
The American people sent a message last November: they want to change the way Washington works. Starting today, we will see if their message has been heard. A new Congress will be sworn in in Washington. With a change in leadership in the House, and dozens of new tea party...
Pence urges no compromise allowing more spending and debt
Rep. Mike Pence, the third ranking Republican in the House, says that the GOP congresses of the past compromised too much. This is a warning to GOP members who are indicating that they are willing to work with the Obama administration to avoid gridlock. Pence, a favorite of many conservative...
California Cities Consider Disincorporating
City officials in Half Moon Bay California are considering disincorporating the city because of massive budget losses and lawsuit debt. The city will hand the city’s budget, operations, and services to San Mateo County if it chooses to disincorporate. Disincorporation would save taxpayers money because they would no longer have...
Bennet says America has “nothing to show” for Stimulus Debt
Senator Michael Bennet (D-CO), recently said at a town hall that the United States has nothing to show for its $13 trillion debt, including the ‘stimulus’ and other debt-expanding measures enacted during the Obama administration. Bennet failed to mention that he supported the stimulus, the president’s health care bill, the Dodd-Frank...
Boehner calls for firing of Geithner, Summers
House Minority Leader John Boehner (R-OH) today called on the Obama Administration to remove Treasury Secretary Timothy Geithner and Economic Adviser Larry Summers. During a speech laying out an economic agenda for the GOP, Boehner said that Geithner and Summers have spent the last 19 months promoting ‘government as community organizer’ and...
Germany’s Austerity Program Leads to Economic Growth?
The Wall Street Journal reports that while many scoffed at the move by Germany to rein in deficits and pursue a fiscal austerity program, that effort seems to be leading to robust economic growth: What doesn’t kill you makes you stronger. In April, May and June, the euro zone was...
Germany's Austerity Program Leads to Economic Growth?
The Wall Street Journal reports that while many scoffed at the move by Germany to rein in deficits and pursue a fiscal austerity program, that effort seems to be leading to robust economic growth: What doesn’t kill you makes you stronger. In April, May and June, the euro zone was...
The Latest Union Bailout
The Wall Street Journal reports on the false pretenses behind the state bailout bill passed in the House yesterday. Rather than adopting a measure to help states deal with short-term budget crunches, Congress approved a bill designed to expand state budgets and union payrolls: Specifically, the bill stipulates that federal...